I just got up, and flipped on the TV. There was an infomercial for something called John Beck’s Free and Clear System. It looks like it’s the same kind of thing that I saw Wayne Gray selling at the Millionaire Conference. Basically, you are buying tax liens and tax deeds. Yeah, I think a lot of money can be made buying tax liens and tax deeds. But I don’t think it is nearly as easy as what they make it out to be. On the John Beck infomercial, they are showing all kinds of houses that were bought for pennies on the dollars. They don’t tell you that the process to get these houses may have taken years, and that these types of deals are few and far between. You will be competing against a lot of other people for the tax liens and tax deeds. If there is a mortgage on the home, you will be competing against the bank. The bank is not going to lose the home to taxes if there is much of a balance on it.
Also, keep in mind that some of these homes may not be in the greatest shape. Can you imagine how well someone will take care of a house if they are about to lose it to taxes?
And besides tax liens and tax deeds on houses, and lots, there will be tax liens and tax deeds on worthless pieces of property. Worthless property? Imagine a drainage ditch. What are you going to do with a drainage ditch? How about a strip of property 100 feet long, and 3 feet wide? What can you do with that? You probably won’t be able to sell them. So can you figure out now why these are being picked for the taxes? Imagine owning something that you can’t use or sell, but you have have to pay taxes on anyway.
There are deals out there, but you need to know what you are doing. You must also be willing to do a lot studying, and digging through tax liens and tax deeds for those few gems.

Before you invest the money in John Beck’s system, you might want to buy a few books on the subject. It will give you a bit of background on the process, and allow you to make an educated decision.

Books about Tax Liens:
Profit by Investing in Real Estate Tax Liens : Earn Safe, Secured, and Fixed Returns Every Time by Larry B. Loftis

Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50% by Chantal Howell Carey and Bill Carey

The Complete Guid to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return – Safely by Jamaine Burrell

Tax Lien$ by Michael Pellegrino

The “You Can Do It” Guide to Success in Tax Lien and Tax Deed Investing, Vol. 1 by Lillian Villanova

The “You Can Do It” Guide to Success in Tax Lien and Tax Deed Investing, Vol. 2 by Lillian Villanova

The 16% Solution How To Get Interest Rates by Joel S. Moskowitz

Tax Lien Certificates: A Little Known Government Program That Can Make You Financially Independent by Jim Yocom

Winning with…Real Estate Tax Sales: An Investor’s Guide to Real Estate Tax Lien and Tax Deed Sales by S Hennin and SK Kenney

Tax & Liens Auctions: The Ultimate Guide for Investors by Natalia Foley

How to Buy New Jersey Tax Liens that earn 18% by Merlin B. Coslick

Real Estate for Pennies!: Investing in Property Tax Liens for Profit and Property/Based on Colorado Real Estate Law by Ed C. Tomlinson

Property tax lien foreclosure: Forms and procedures by William A Campbell

Federal Tax Collections, Liens, and Levies by William D. Elliott